Abstract:DEXs ( decentralised exchanges ) using AMM ( automated market maker ) style often spend hundreds of thousands to incentivise liquidity pools, but does this have to be the case? Let's dive together into the deep waters of liquidity, incentives and the underlying factors of human behavior.Part 1: the nature of human behaviourPeople seek APR, often at the cost of joining an inferior project, it is human nature to be greedy. To this end, networks and projects arise that offer hundre...